5/5/2026, 10:11:02 am

River EV in talks with investors for $80-$100 million funding

Anicut Capital is likely to join Claypond Capital and Elev8 Venture Partners to invest $80-100 million in EV startup River. This will be River's largest fundraise, surpassing over $60 million raised so far. River plans to use the capital for new EV models, distribution expansion, and a new manufacturing plant, increasing its stores from 40+ to 350+ by March 2028.